Energy Prices Rising on Cold Weather Fears
Posted on: Tuesday, 25 October 2005, 12:00 CDT
Energy prices on the New York Mercantile Exchange rose Tuesday on reports of winter weather in northern parts of the United States.
High-quality crude oil for December delivery rose 60 cents to $60.92 per barrel, and natural gas rose about 42 cents to $13.42 per million Btu.
Gasoline was up to $1.5975 per gallon, and heating oil climbed as well, hitting $1.829 per gallon.
Meteorologists predicted a cold snap for parts of New England, prompting buyers to buy natural gas and heating oil, which in turn lifted other energy prices.
Source: United Press International
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